BAC is over extended. Being patience here and waiting for the shift of momentum to change. Trendsi indicators, the money momentum (White Line) is over extended into the upper red band area, indicating an over extension. We just need the rest of the indicators to verify momentum. When the middle band shifts to red (indicating a bear market momentum), as well when a sell signal appears will let me know when BAC has shifted to a downward trend.Trade active
BAC momentum has transition to a bear market.Note
BAC falling down to $35 area when first publishing. Still looking bearish, looking for a push down to the $34 area.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.